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Latest Articles in oil prices
Benchmark Indices Rise On IT, Metals Boost; Sensex Reclaims 60,000 Mark
Domestic investor sentiment was also lifted by the sliding oil prices. Oil prices slipped on Monday on the prospect of further interest rate hikes in the United States and Europe, and over demand concerns following the imposition of COVID-19 restrictions in China
Read MoreOil Prices Slump Below $90 As Recession Fears Mount
Brent crude futures settled down USD 4.83 to $88 a barrel, falling below USD 90 a barrel for the first since Feb. 8. US West Texas Intermediate crude settled down by USD 4.94, or 5.7 per cent, to USD 81.94, its lowest since January
Read MoreOil Rises After Putin Threatens To Halt Supply
Oil rebounded after President Vladimir Putin said on Wednesday that Russia will stop supplying gas and oil if price caps are imposed on Russia's energy resources
Read MoreOil Slides To 7-mth Low On Renewed Demand Fears, Rate Hike Expectations
Oil pared strong gains made on Monday after the Organization of the Petroleum Exporting Countries (OPEC) and their allies, a group known as OPEC+, decided to cut output by 100,000 barrels per day in October
Read MoreOPEC+ Cuts Oil Output For First Time In A Year
In the grouping’s meeting held on Monday, it was decided to reduce production by 100,00 barrels a day next month, taking supplies back to August levels
Read MoreOPEC+ May Weigh Rollover Or Small Cut At Monday Meeting
The Organisation of the Petroleum Exporting Countries and allies including Russia, known as OPEC+, meets as demand faces headwinds and supply could be boosted by returning Iranian crude if Tehran secures a deal with world powers on its nuclear work
Read MoreOil Tumbles On Inflation Woes, Iraq Exports
The market awaits the upcoming meeting of the Organization of the Petroleum Exporting Countries and allies such as Russia, known as OPEC+, on Sept. 5
Read MoreOil Settles Up More Than 4% On Prospect Of OPEC+ Supply Cut
Saudi Arabia, top producer in the Organization of the Petroleum Exporting Countries (OPEC), last week raised the possibility of production cuts, which sources said could coincide with a boost in supply from Iran should it clinch a nuclear deal with the West
Read MoreOil Prices Sink $2/bbl On Possible Iran Oil Exports, Rising Interest Rates
Talks between the European Union, the United States and Iran to revive the 2015 nuclear deal are continuing, with Iran saying it had received a response from the United States to the EU's "final" text to resurrect the agreement
Read MoreBenchmark Indices Give Up Intra-day Gains, Sensex Slumps 311 Pts
At close, the Sensex was down 310.71 points or 0.53 per cent at 58,774.72, and the Nifty was down 82.50 points or 0.47 per cent at 17,522.50
Read MoreOil Prices Rise On Potential OPEC+ Supply Cuts
Both crude oil benchmark contracts touched three-week highs on Wednesday after the Saudi energy minister flagged the possibility that the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, will cut production to support prices
Read MoreOil Steady As Fears Of Imminent OPEC+ Output Cut Fade
Potential output cuts from OPEC and its allies, known as OPEC+, may not be imminent and are likely to coincide with the return of Iran to oil markets should that country clinch a nuclear deal with the West
Read MoreOil Prices Rise After Saudi Says OPEC Could Cut Output
The Organisation of the Petroleum Exporting Countries stands ready to reduce production to correct the recent oil price fall driven by poor futures market liquidity and macro-economic fears, which has ignored extremely tight physical crude supply, OPEC's leader Saudi Arabia said on Monday
Read MoreOil Slumps On Fears Over Economic Slowdown, Stronger Dollar
Brent crude futures for October settlement fell $1.60, or 1.6 per cent, to $95.12 a barrel
Read MoreOil Prices Down 1.5% For The Week On Recession Jitters
Oil briefly jumped in volatile trade on comments by Richmond Federal Reserve President Thomas Barkin who said the drive to raise rates also needs to be balanced with the impact rate hikes are having on the economy
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